§ 22:1808.7 — Assumed names

Louisiana § 22:1808.7

• Jurisdiction: Louisiana
• Title 22: Insurance

Text

§1808.7. Assumed names
A. An insurance consultant doing business under any name other than the
consultant's legal name is required to notify the commissioner of insurance prior to using the
assumed name. Prior to the use of or changes to any trade name or names, an insurance
consultant shall provide written notification of such use or change to the commissioner, on
a form prescribed by the commissioner. A certified copy of registration from the secretary
of state shall accompany the application for a trade name.
B. The use by any insurance consultant of a nonapproved trade name shall subject
such person to a fine not exceeding two hundred fifty dollars. Additionally, if the insurance
consultant continues to utilize a nonapproved trade name for ten or more days after being
notified by the commissioner to cease using the nonapproved trade name, the insurance
consultant will be subject to an additional fine not to exceed five thousand dollars. If
applicable, an insurance consultant shall comply with the provisions of R.S. 51:281 et seq.

Legislative History

Acts 2016, No. 312, §1.